Stellar has partnered with the Government of Bermuda to advance the island's ambition of becoming the world's first fully onchain economy. This collaboration will see key financial services and payment activities transition to the Stellar network, including digital wallets, stablecoin payments, and government disbursements. The initiative follows Bermuda's announcement at the World Economic Forum in January 2026, aiming to leverage blockchain technology to reduce transaction costs and enhance financial services. Under the partnership, Bermudian residents could soon use Stellar-based wallets for various transactions, including wages, merchant payments, and government fees. The government plans to pilot stablecoin-based payments, while financial institutions may utilize tokenization tools. This move is part of Bermuda's broader strategy to integrate blockchain into public-sector operations, supported by the country's existing digital asset regulatory framework. Meanwhile, XLM, Stellar's native cryptocurrency, is trading within a narrow range, struggling to break above the $0.1730 resistance level. A sustained move above this level could signal a bullish trend, while a drop below the $0.1666 support could increase selling pressure.